Quantum Brokers $24M Retail Sale

CHICAGO—Companies associated with the Inland Real Estate Group of Companies have been on a bit of a retail buying spree in the Chicago suburbs. For example, Inland Real Estate Acquisitions, Inc. just picked up Freedom Commons, an 82,453-square-feet complex in Naperville for $24.4 million. But unlike many shopping centers, it does not have a grocery store and relies instead on restaurants, services and other retail to draw customers.     

“It’s not your typical grocery-anchored center,” says Daniel Waszak, senior vice president of Chicago-based Quantum Real Estate Advisors, Inc., who, along with Chad Firsel, Quantum’s president, helped negotiate the sale between Inland and William Krug of Wm. Krug, Inc. “It’s a very unique center in that regard,” but the location on Freedom Dr., north of Diehl Rd. and immediately south of the Naperville exits on I-88, places it amid office complexes that hold thousands of workers, assuring a constant stream of customers. “The site really benefits from the big daytime office population. And at night, many of them go there to grab an after-work drink.”